Financial Planner Offers Advice on Coping With Recession Woes

Carol Gearhart recommends hedging against job loss or income interruption by turning to the internet and starting a home-based business

Charleston, SC—As we collectively stare down the potential of a global recession, Carol Gearhart, a financial planner in Charleston, SC, sees opportunity—on the internet. According to Gearhart, “Despite the economic downturn, the direct marketing industry is alive and well, especially those businesses specializing in home-based opportunities and financial management.” Gearhart sees the internet as a world-wide marketplace, that’s always open for business. She went on to say however, that unlike the world’s capital markets which are already in a serious slump, revenue generated over the internet is growing exponentially.

Gearhart’s firm, The Wealth Management Group, recommends a three-tiered strategy for people seeking to shore up their defenses against the ongoing economic meltdown. First, the firm suggests creating rock solid economic foundation that will support a successful financial future. Second, plan to grow, because although change is inevitable, growth is intentional. And third, define a purpose for your life, because a life that you can visualize, you can materialize.

In terms of building that solid foundation, you need sufficient income to weather the storm and to provide the cash flow necessary to fuel and fulfill your plans. Particularly now, with job insecurity becoming the norm, people are starting online home businesses to augment their primary income. But with the explosive growth of the internet, many of these businesses become the person’s main job. The Wealth Management Group offers a powerful online marketing system with a worldwide membership that is time-tested, easy-to-use and is supported 24/7 for those who wish to create wealth and secure their financial futures.

Once your foundation is solid, Gearhart suggests that you must then address financial planning, debt elimination, tax reduction, asset growth and security as well as long-term wealth creation as you enter the growth phase of your financial program. She cautions that many people don’t have the tools and expertise necessary for this effort. “You need to find an advisor with an organization that can support you,” she said. “Someone who will be with you every step along the way as you strive towards total financial independence.”

Gearhart continued, “The secret is to not let yourself get overwhelmed. Augment your income with residual cash flow that will be sufficient to support you if your job is lost. And just as importantly, don’t try to do all of this alone. Find a mentor and create an alliance. It’s the only way to go,” she said.

The coming recession seems unavoidable. There’s not much you can do about that. But what you can—and should—do is to make sure you’re ready. And the time to start preparing is now.

Carol Gearhart is a business coach and mentor based out of Seabrook Island, SC, that assists serious entrepreneurs in building a profitable online business with multiple incomes streams. Carol and her team have assisted hundreds of people, from doctors and lawyers to high-school drop-outs and single parents in
generating profits that exceed $250K or more in their first year. For more information and to contact Carol, visit: